BITCOIN Skyrockets! Altcoins Set to EXPLODE Next!

Bitcoin cracks $50,000! This BTC price move is something that has not occurred in any cycle.

In this brief livestream, I delve into an unprecedented move on the Bitcoin daily chart, highlighting its potential entry into bull market territory, a phenomenon not previously observed in the cyclical patterns and halvings characteristic of the cryptocurrency’s history. I also explore the impact of recent Bitcoin ETF inflows, pointing to a significant increase in institutional investment as a potential catalyst for this unique market behavior. Additionally, I analyze charts for ADA, Ethereum, and AVAX, considering their implications for altcoins in light of Bitcoin’s current trajectory. The discussion extends to the critical resistance areas Bitcoin faces and the possibility of altcoins following Bitcoin’s lead, albeit with a slight delay. I emphasize the historical significance of Bitcoin’s current position relative to its cycles and the halving events, suggesting that we might be witnessing a pivotal moment in cryptocurrency market dynamics due to a confluence of factors including institutional adoption and a looming supply shock.

Intro 00:00
Bitcoin ETF data is next level! 1:35
Bitcoin supply shock 3:30
Last time Bitcoin was $50,000 4:00
Previous BTC cycles 6:00
Watching this today 7:20
Bitcoin ascending triangle 8:20
Cardano, Ethereum, AVAX 9:30

Been tracking Bitcoin charts for over six years on this YouTube channel the move that you see here on this screen is something has never happened before in terms of the story of the Bitcoin Cycles the breaking into the bull market doors and I also want to break down some Ada

Charts ethereum charts zoomed out and zoomed in as well as avac zoomed in and talk about what the Bitcoin move might mean for altcoins as well so please everybody if you’re out there hit the Subscribe hit the like let’s jump into the video I appreciate you cruising

Through and and really truly if you’re in the live stream smash that like button for me right now share the video if you’re on X wherever you are and let’s just jump into it so this is this is the move right the daily candle I did a video last night kind of talking

About this general area the 618 line on bitcoin the the caution that that might be needed in this environment and I talked about the next 24 this was last night the next 24 hours meaning this daily candle that’s inform formation right now being extremely important and something that I’m keeping a close eye

On it’s partly what I want to talk about in this video so right now 7 hours just around 7 hours left of the daily candle I might do another video tonight kind of updating where we are in terms of the daily candle but before we even dive into any of these

Charts this could be this could be why things are just different this time Bitcoin ETF inflows are accelerating 50 or 541.401 218,000 Bitcoin in just a month 218,000 Bitcoin so before we dive into all these charts let’s put that into perspective quick interview I just I was

Just kind of watching a clip um check this out right uh Wall Street doesn’t just like Bitcoin they love Bitcoin if you think of these assets uh there’s been over 5,500 ETF launches in history never have we had a fund get to $3 billion in AUM in the first 30 days

Black Rock and Fidelity both just did it so two for the first time in history and then if you so these Bitcoin ETFs are they’re kind of making history in terms of the ETF World in general but check this out you look at bitwise and 21

Shares uh Arc they’re both going to hit a billion dollars this year or this week and so now you have four funds they’re going to hit a billion dollars of inflows but the most interesting part of this is the inflows doing these funds are doing $500 million a day of net

Inflows but there’s only 900 Bitcoin that is actually coming into the daily incoming Supply and so when you look at that so I just I just just kind of messed up that screen but what he’s saying here is Wall Street ETFs are buying 12 a half more Bitcoin 12 and a

Half times more Bitcoin per day than the network can produce every cycle you know and and and as I’ve been you know tracking and by the way this is an 24-hour old chart that we have on the screen that’s why it says 48300 right now but every cycle we’ve been tracking

Just the the cycles of Bitcoin there’s always been this whole Supply shock thing right surrounding the the the Bitcoin charts 40 49,500 as I do this video Let’s point something out this is something I just I I really just notice and that is to say if you just look at

The general area $49 $50,000 last time Bitcoin was really trading in this area it was consolidating and it was consolidating at resistance at the start of the bare market so this is how far we’ve come if you’re out there and you’ve been here throughout the entirety of of this

Current previous I should say previous bare Market in this entire cycle if you hung in there and and you remember even being at alltime high and falling down to 50,000 and then falling below as we see resistance in this area right if you were there congrats because we just made

It through the bare Market the exit of the bare market and right now we’re not even at Bitcoin having and Bitcoin is back at that price level at the beginning of a bull market now so those are the things that I like to kind of set into perspective so smash the like

Button everybody budy if you’re out there and you were here during the move down and through 50 and you’re here right now as we approach 50 now we’re we’re we’re obviously talking about the bullishness of Bitcoin right now but I just want to say there’s in play especially this week the case of

Resistance because we’re at a huge resistance area sometimes I I try not to repeat my myself so much with the bull market doors and the the lower high Fibonacci but I know there’s new people out there that come into these videos all the time they don’t really understand what the

Fibonacci is but right now on the zoomed in it’s such a critical area bull market High to Bare Market low we zoom in this is where Bitcoin is testing and once again this is this chart right here is a 24-hour Old Chart so Bitcoin is actually

Within the green area and that’s what it is the bull market doors it’s a 786 area at around 57 ,000 618 around $48,000 now the reason why this is a first this is historic moment we go to the last cycle was Bitcoin breaking into the bull market doors prior to the

Having no it wasn’t it waited till after to to start breaking through you go to the previous cycle before that all the way back here in 2016 was Bitcoin breaking in and closing candles within above the 7 the 618 area no it wasn’t it waited till after the Bitcoin having

Which is right here and then we broke into it you go back to the cycle before that Bitcoin never didn’t even touch the 618 prior to the having it broke the bull market doors after they having so something I continuously repeat but I’m going to continue continue tracking the story of

The bull market doors because it’s the most crucial piece of zoomed out data and we start zooming in this is what it looks like truly on the on the realtime weekly so Bitcoin right now within those those bull market doors now the caution that I just I always I always have

Caution right especially when we have resistance in this general area Cycles past prior to the having it’s just right now how will this weekly candle close what happens this week does the momentum of the Bitcoin ETF narrative continue to push Bitcoin higher and maybe not even just the narrative maybe it’s just this

Very simple demand the supply shock and is that what’s causing it to be different this time this the biggest thing I’ll be watching obviously I’m still continuing to watch around 7 hours left of this Bitcoin daily candle I’m very curious to see if Bitcoin can close a daily

Candle above the 618 line and you can just see it right this this bottom area this red line I want to see if Bitcoin closes I would absolutely love as always is the case to see Bitcoin get separation away from that area instead of just closing just above it or right

Around it I want to see Bitcoin get separation is $50,000 kind of this mental barrier as bitcoin’s trying to get the separation could be but that’s what I’m watching for Bitcoin on the on the zoomed in Daily I wanted to just point something out to you I don’t know if you’ve

Watched my videos and weeks pasted but you know we’ve been kind of kind of talking about just all the consolidation that’s that’s been taking place here right and and what I’m talking about is kind of just this General consolidation into the bull market doors and I was watching the

Speculative setup right before this was even really happening of an ascending triangle going into Bitcoin having and just for what it’s worth the Bitcoin having is kind of right around here and you can see this and this is why I’m really curious about the current daily candle if there’s

Resistance and Bitcoin just starts falling now we could be in an ascending triangle going into Bitcoin having which could be an absolute bullish setup for the explosive move for Bitcoin I mean a breakout Target out of that area is what $67,000 close to $70,000 for Bitcoin so again if there’s

Resistance here at this general area let’s see what happens with consolidation if Bitcoin starts falling and we’re in the lower 40s again but there’s an ascending triangle I think really coming into play if there is resistance at the bull market doors other than that in terms of targets the

Upside right now I’m just hanging out everybody and I’m just watching to see if Bitcoin can just get that separation just start kind of doing some short-term price Discovery and that’s my biggest thing that I’m watching on bitcoin right now so going over to Ada I want to talk

About some altcoins right now we’re going to talk about ADA ethereum avac very simple and I put it in the title what’s happening with Bitcoin right now it could TR truly just trigger what happens next for for allcoins and it could be sooner than later so we’re talking about Bitcoin potentially

Breaking through or into the bull market doors even more than it is above 50,000 if this is the case and I mentioned this in a video last night tonight altcoins likely to follow but that doesn’t mean altcoins while bitcoin’s making the move will be doing the same thing and we’re all already

Seeing that right now but that’s the most normal thing that could happen often times especially at macro multicycle events Bitcoin moves first altcoins just hang out Bitcoin dominance you might see a little bit of strength all coins hang out this is what happened last time I noted this on on last

Night’s video talking about this uh cardano last cycle Bitcoin was breaking the bull market doors right around here and it was Rising while Ada was just sideways on this weekly look at these weekly candles sideways and at that moment Bitcoin was breaking the bull market doors a very similar move that

Could potentially be happening now so I wouldn’t be surprised if I see if I see Ada just sideways we go to something like ethereum very similar story if we go back to uh the last cycle when Bitcoin was breaking the bull market doors if I

Can find it it was November 2020 the end of October 2020 you can see Bitcoin or I’m sorry ethereum just starting to get some legs right there right so nothing crazy in terms of ethereum starting to take off but what happened next ethereum took off what happened next with Ada

Ada took off right shortly after Bitcoin broke those bull market doors something like avax we don’t have that history we really don’t have a lot of history on on avac charts you know something like salana charts but in terms of all these cryptos right now we have all this

Consolidation happening on the short term with these similar setups in terms of Bitcoin on the 4 Hour that we recently saw on Bitcoin in the 4 Hour so and what I mean by that is if we if we go to bitcoin and we look at a 4 Hour

Chart real quick and by the way if you’re out there in this live stream thanks for cruising through smash this smash the Subscribe if you’re not a subscriber and hit that like button for me just so that I know that you find this content valuable so what I mean by

The 4-Hour chart consolidation on those altcoins it’s this we’re we’re kind of still just doing what Bitcoin was doing before it had its breakout right so I’ve been talking about this a lot I don’t mean to repeat myself but again if Bitcoin continues this upward momentum I’ll be watching for things

Like Ada and you can see Ada still in its 4H hour consolidation right here breakout Target to the upside around 65 cents for for for Ada for avac very similar around $48 and then if we go back to the ethereum charts and and I zoom over this

Is a weekly you can just see ethereum looking very strong on the weekly but if we change it to a 4 Hour still waiting for just kind of a breakout out of the range that it’s been in on the 4 Hour going back real quick

To ethereum on on the weekly I want to I want to make a note of this this is probably the biggest thing I wanted to talk about in terms of some of these altcoins if we look at the RSI on ethereum if we look at the RSI

On Ada check it out look at last cycle at this moment right Ada making this move into Shelly hardfork coming back down and consolidating making this move right now consolidating very similar type of vibe when it Consolidated back here prior to the bull market doors being broken and a entering the bull it

Just fell on the RSI and then it finally bounced and what we’ve been waiting for on the RSI for Ada has been just when will the consolidation on the weekly RSI Just Bounce and you can just see it’s bounced higher right now right around 60 last cycle it was bouncing in this very

Similar move around 50 so you can just see there’s a there’s a shift of momentum happening with Ada and this could be kind of the sign of a shift of momentum for altcoins in general because ethereum doing something very similar again going back to when ethereum was getting ready to enter the parabolic

Bull because Bitcoin broke its bull market doors November 2020 when it had this moment of consolidation right here you can just see bit or ethereum consolidating bouncing right off around 58 check out right now bouncing right off around the same exact level on the RSI as and this is all as

Pending Bitcoin gets ready to break these bull market doors so a lot of this has to do with can Bitcoin drum up the strength to make this happen a lot of it has to do with if this happens if Bitcoin starts breaking into this area and above and I don’t know I have

Everybody I have absolutely no idea what’s going to happen I have no idea alls I know is the move that’s happening right now you see it on the weekly bitcoin’s within this Fibonacci retracement has never happened has never happened before the Bitcoin having and it’s happening right now before the

Bitcoin having I have no idea if this move will continue I have no idea how this weekly candle will close all I’m saying and it’s really a big point of the video all I’m saying is if Bitcoin continues this move to the upside I think it will obviously be historic moment for

Bitcoin obviously be a sign I think of the supply shock that’s happening now and that is to come in this bull cycle but it will be a Monumental move for altcoins and though altcoins might lag just a little bit in terms of a powerful move to the upside I think altcoins will absolutely

Go crazy all coins will absolutely explode and that’s all I’m saying so I I’m just checking out some comments seeing how y’all are feeling out there appreciate you cruising through everybody don’t do live streams a lot but obviously when we’re hanging out in bull market territory bulldo territory

I’m going to start be I’m going to be doing live streams more often so I’m going to try and keep them short too as this one is around 15 minutes I’ll put the time stamps for any replay viewers but that’s what I’m watching on on Bitcoin today it truly is I’m so curious

How I mean this is a 4 hour let me change it over here and let’s actually 4 hour maybe some consolidation and then continue upside that’s what I want to see but I’m very curious to see how the daily candle closes in terms of the bull

Market doors are we below are we above how much separation is there from really truly this red line that you see here can we close the daily candle above or below that’s a key thing to the downside everybody it’s possible we get a we a week close Bitcoin Falls 2% in the next

7 hours and we’re seeing a massive Wick of resistance at the bull market doors this is just what I’m watching on the short term that’s it so I appreciate all of you I really do hanging out I hope you’re doing well we’ll continue watching Bitcoin and

Altcoins in the short term and maybe do an update video a little bit later today so make sure you’re subscriber turn notifications on be notified when I’m doing live streams or just posting videos uh Bitcoin updates altcoin updates crypto news all that good stuff there’s so much happening right now everybody so

A lot to track in the coming days weeks months and obviously the parabolic bull that I think is getting ready to hit so I’ll see you all in the next video God bless